Dogecoin (DOGE) may usher in an 'epic' rebound, experts predict a surge of 405%!

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Analysts say Dogecoin (DOGE) is entering the third round of a bull market, and the price is expected to experience significant historical increases again. According to Fibonacci extension theory, DOGE is expected to rise by 405%, with a target price of $2.28, a prediction that surpasses previous expectations and may even skyrocket by 570%.

Nevertheless, the current market status of DOGE is not ideal. Recent data shows that the price of Dogecoin has fallen to $0.3156, and it has decreased by 7.04% in the past 24 hours, with trading volume down by 16.98%, indicating a decline in market participation.

In the short term, DOGE is in a consolidation range between $0.318 and $0.324, with low trading volume and lack of confidence from both buyers and sellers, which may lead to increased price volatility. If DOGE breaks through $0.324 with increased trading volume, a rebound may occur, but if it falls below $0.318, further declines may follow.

Overall, while facing pressure in the short term, the long-term outlook remains hopeful. If it breaks through key levels, DOGE may see a massive increase.

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